Collections Recovery Analyst

Position Summary:

The Collections Recovery Analyst is responsible for managing and supporting the legal collections process by acting as a central liaison among the law firm, Penske’s collection and field teams. This role ensures the accurate preparation, documentation, investigation, and evaluation of delinquent legal accounts; facilitates communication and information gathering for legal action; and maintains organized, up-to-date case status reporting to effectively advance accounts through the legal collections cycle. The Collections Recovery Analyst will act as an advisor, providing analysis and recommendations to the Sr. Manager – Collections Recovery.

 

Major Responsibilities:

• Analyze bad debt accounts for legal action. Perform research to determine collectability. Review prior internal collection activity, evaluate Experian credit detail, review SAFER rating, Secretary of State status, DOT rating, perform Google research: all to determine the overall status of the entity.  

• Audit and verify the accuracy of all documentation before it is submitted as evidence in legal proceedings. Calculate the alternative payment to ensure it meets VLSA terms and conditions. Confirm status of equipment return.

• Review legal accounts with assigned law firm to determine progress.  Perform the advanced work of legal debt recovery. Strategize with Sr Manager Collections Recovery.

• Assist with settlements, promissory notes, payment plans. Update and advise Sr Manager regarding status of legal accounts.

• Contribute with collection activities related to bankrupt accounts.

• Other projects and tasks as assigned.

About Penske Truck Leasing/Transportation Solutions

Penske Truck Leasing/Transportation Solutions is a premier global transportation provider that delivers essential and innovative transportation, logistics and technology services to help companies and people move forward. With headquarters in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success. Visit Go Penske to learn more.